Banco Santander-Chile (NYSE:BSAC) Downgraded by StockNews.com to “Sell”

StockNews.com downgraded shares of Banco Santander-Chile (NYSE:BSACFree Report) from a hold rating to a sell rating in a report published on Friday.

Separately, HSBC downgraded Banco Santander-Chile from a buy rating to a hold rating in a research note on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Hold and a consensus price target of $19.97.

Read Our Latest Analysis on BSAC

Banco Santander-Chile Price Performance

Shares of BSAC opened at $19.83 on Friday. The company has a debt-to-equity ratio of 3.44, a quick ratio of 1.80 and a current ratio of 1.80. The firm has a market cap of $9.34 billion, a PE ratio of 15.61, a PEG ratio of 0.40 and a beta of 0.82. The firm’s 50 day moving average price is $19.23 and its 200 day moving average price is $18.82. Banco Santander-Chile has a twelve month low of $16.89 and a twelve month high of $21.81.

Banco Santander-Chile (NYSE:BSACGet Free Report) last released its quarterly earnings results on Friday, February 2nd. The bank reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. Banco Santander-Chile had a net margin of 9.99% and a return on equity of 10.73%. The business had revenue of $621.60 million for the quarter, compared to the consensus estimate of $609.98 million. As a group, research analysts expect that Banco Santander-Chile will post 1.84 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. FMR LLC grew its position in shares of Banco Santander-Chile by 105.7% in the first quarter. FMR LLC now owns 1,563 shares of the bank’s stock valued at $28,000 after purchasing an additional 803 shares during the last quarter. Parallel Advisors LLC increased its position in Banco Santander-Chile by 115.5% in the 4th quarter. Parallel Advisors LLC now owns 1,683 shares of the bank’s stock worth $33,000 after buying an additional 902 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of Banco Santander-Chile during the second quarter worth approximately $40,000. BNP Paribas Arbitrage SNC boosted its position in shares of Banco Santander-Chile by 4,603.2% in the third quarter. BNP Paribas Arbitrage SNC now owns 2,963 shares of the bank’s stock valued at $42,000 after acquiring an additional 2,900 shares during the period. Finally, Belpointe Asset Management LLC acquired a new stake in shares of Banco Santander-Chile in the first quarter worth $78,000. Institutional investors own 6.42% of the company’s stock.

Banco Santander-Chile Company Profile

(Get Free Report)

Banco Santander-Chile, together with its subsidiaries, provides commercial and retail banking services in Chile. It operates through Retail Banking, Middle-Market, Corporate Investment Banking, and Corporate Activities segments. The company offers debit and credit cards, checking accounts, and savings products; consumer, automobile, commercial, mortgage, and government-guaranteed loans; and Chilean peso and foreign currency-denominated loans to finance various commercial transactions, trade, foreign currency forward contracts, and credit lines, as well as mortgage financing services.

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